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| Price $2,074,074 | Built/Renov 1965/2015 | Tenant Ledyard National Bank |
| Cap Rate 6.75% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
5,600
| Lease Start
12-01-2024
| #Units
8
|
| Price/SF $370.37 | Expiration
11-30-2039
| Tenant Type Bank/Financial |
| NOI $140,000 | R. Term 14.11 | Ownership Fee Simple |
| Rent/SF
$25.00
| Increases 10.0%/5/yrs | Pop 5Mi 8,740 |
| Lot/AC 0.92 | Options 10/5yrs/10% | AHHI 5Mi $137,295 |
| | |
Ledyard National Bank is strategically located at the hard corner intersection of Newport Road and County Road, two major commercial and commuter routes with access to a combined daily traffic count of 9,300 vehicles. The property boasts excellent visibility and direct access to the New London Shopping Center, which features prominent tenants including Hannaford, Ace Hardware, Irving Oil, and...
...Hard corner intersection
In location for years
Near major nationals
Affluent AHHI $100K 5 Mi
Income tax free state
Brand new lease
Long operation history
Long 15+ yr lease
Absolute NNN
Corporate Guarantee
Ledyard National Bank is a full-service community bank offering a wide range of personal and business banking services, wealth management, and investment services. It is known for providing...
Virginia Beach, VA
Cap Rate 5.75%
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Cap Rate 7.00%
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Philadelphia, PA
Cap Rate 6.50%
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Clarkston, MI
Cap Rate 6.00%
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R. Term 9.70 yrs
Size/SF 4,397
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
